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No Employment Recovery Yet

Sister emailed me that my blog was depressing—-I might as well add this August jobs update!

Chart of the Day: The Scariest Jobs Chart Ever Takes A Turn For The Worse

We run this chart every month that Calculated Risk puts together when the jobs data comes out, and it’s always ugly, but this time it shows something really stark.

That red line — which shows the trajectory of our recovery — has now clearly taken a sharp line back down, after (for awhile) curving back higher. Ugly.

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